H.R.3581: Budget and Accounting Transparency Act of 2012

Referred to the Committee on the Budget, and in addition to the Committees on Oversight and Government Reform, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Referred to House Budget

Referred to House Oversight and Government Reform

Referred to House Ways and Means

Committee Consideration and Mark-up Session Held.

Mr. McHenry asked unanimous consent that the Committee on The Budget have until 3:00 p.m. on Jan. 30 to file a report on H.R. 3581. Agreed to without objection.

Reported (Amended) by the Committee on Budget. H. Rept. 112-380, Part I.

Committee on Oversight and Government discharged.

Committee on Ways and Means discharged.

Placed on the Union Calendar, Calendar No. 261.

Rules Committee Resolution H. Res. 539 Reported to House. Rule provides for consideration of H.R. 3581 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. In lieu of the amendment in the nature of a substitute recommended by the Committee on the Budget now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 112-13.

Rule H. Res. 539 passed House.

Considered under the provisions of rule H. Res. 539.

Rule provides for consideration of H.R. 3581 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. In lieu of the amendment in the nature of a substitute recommended by the Committee on the Budget now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 112-13.

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 539 and Rule XVIII.

The Speaker designated the Honorable Candice S. Miller to act as Chairwoman of the Committee.

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3581.

The Chair announced its understanding that amendment numbered 1 printed in House Report 112-388 would not be offered.

DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Dold amendment No. 2.

DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Tonko amendment No. 3.

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3581.

The previous question was ordered pursuant to the rule.

The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

Mr. Walz (MN) moved to recommit with instructions to The Budget.

DEBATE - The House proceeded with 10 minutes of debate on the Walz (MN) motion to recommit. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a provision which would specify that the risk component for loans for students or veterans is zero.

The previous question on the motion to recommit with instructions was ordered without objection.

On motion to recommit with instructions Failed by the Yeas and Nays: 190 - 238 (Roll no. 41).

On passage Passed by recorded vote: 245 - 180 (Roll no. 42).

Motion to reconsider laid on the table Agreed to without objection.

Received in the Senate and Read twice and referred to the Committee on the Budget.